Archives: Daily Videos
The Point of No Return? The Path to the June Lows
The bulls made some notable progress last week, but that progress quickly lost with today’s gap taking the market under key levels of support. What will it take from the bulls for the market to avoid slipping much lower? Let’s take a look.
Short Squeeze or Die
With the markets closing under key levels of support today, the door is now wide open for a flush back down to the June lows. The bulls only hope from here is to trigger a short squeeze, so let’s discuss the key levels that will be in focus early next week.
Bucking a trend?
The market has been trading under stacked moving averages, and I think it might be time to play a rebound, which ultimately could mean a short-squeeze rally into the first week or two into October. I also have reason to believe we are oversold and that a positive reaction to FOMC may be our catalyst to active the upside pressure next week.
Reasons for a rally into October
In this video I discuss the PCALL ratio and why it might be a good idea to buy this market on Monday if we gap down.
Taking All Offers
Friday brought sellers out in droves, and while there are plenty of ways for this market to break-down, I believe we’re short term oversold and will be looking for a bounce into next week.
The Long and Short of It
Timing is everything, and in a two-sided market they’ll try to keep SPY above 390 tomorrow. While we could correct further the better short is back at the mean. If strength does end up being more the order of the day there’s one name to look to, and these are the levels for it.
The Market Through Microsoft
I want to start tonight’s discussion with where we left off last week. So much has happened since then along with completion of several of the patterns I was looking for. The turning points were clear, so let’s make sure they’re noted, then get into a few ideas for the witching expiration.